System C Announced Strong Half Year Results

Tuesday, 16 February 2010

Financial Highlights
The financial highlights for the six months ended 30 November 2009 are:

• Revenue up 77% at £18.3m (2008: £10.4m), including 34% organic growth (2008: 21%)
• Profit before taxation increased by 49% to £2.8m (2008: £1.9m)
• EPS up 33% to 2.24p per share (2008: 1.69p per share)
• Increased cash position, with cash of £16.0m (2008: £13.7m)
• Interim dividend 0.25 pence per share (2008: 0.22 pence per share)
• Proportion of product sales increased to 48% of group turnover (2008: 24%)
• 11 deployments of Medway Sigma products
• Acquisition of Liquidlogic to create the UK's first major combined health and social care IT company
• Healthy pipeline of product and services opportunities for this financial year and beyond

Commenting on these results, Chief Executive Dr Ian Denley said: "We are continuing to benefit from our reputation for quality and delivery. System C is known for delivering products and solutions that work, and for delivering them on time and on budget. This, together with the strong synergy between the products and services divisions, is driving our continued year-on-year growth.

"We have worked hard to develop the Group on all fronts to ensure that we benefit from the current period of change in our market place. Indeed, our sales pipeline for both products and services looks very healthy and we are confident of reporting continuing growth through the second half of the year and beyond."

Related news articles:

• System C Healthcare's Profile

About System C Healthcare plc
System C Healthcare plc (www.systemc.com) specialises in the provision of health and social care information systems, systems implementation and consulting services. System C Healthcare is quoted on the AIM market of the London Stock Exchange (SYS.L).